Hi everyone,
I wasn't able to find anything that answers that point. Here is the situation.
We are a company operating in CA$. We often purchase items in US$. We update our currency exchange rate once a month in AX. We are using AX 2012.
Usually, the reception and invoice are posted in the same month with the same exchange rate. However, in some case, we receveid the items at the end of the month which will book the inventory translated in CA$ with a corresponding accrual. Then, the invoice from the supplier is posted only the following month with the updated exchange rate.
In the Inventory value reports, this difference in the exchange rate doesn't appear, since inventory is not reevaluate which is correct. However, it seems that the difference created by the exchange rate is booked directly into our inventory account at the GL level which is incorrect and create a discrepancy between our inventory report and the GL.
In summary, our vouchers starting with "IAP" (invoice matched with reception) are creating discrepancies between our inventory report and GL due to exchange rate.
We are pretty sure that it's a setting that is incorrect, but which one ? Any idea where to start looking ?
Thanks a lot for your help,
